What Is Cola For 2025
What Is Cola For 2025. The cola is designed to help your monthly checks keep up with rising prices for everything from groceries, to medical bills, to the cost of housing. Social security benefits will increase by 2.5 percent beginning with the december 2024.
This year’s 3.2% cola was above average over the past decade, and 2023’s 8.7% cola was a record. The 2025 cola is lower than 2024’s 3.2%, and much lower than 2023’s 8.70%.
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